Filing Flows › Virtus Investment Partners (VRTS) › Q1 2026 › vs Q4 2025
Virtus Investment Partners (VRTS) Q1 2026 vs Q4 2025 (quarter over quarter)
Virtus Investment Partners's revenue fell $8.5M (-4%) from $208M in Q4 2025 to $200M in Q1 2026. Operating margin 7.7% against 19.1% (-11.4 pts).
Virtus Investment Partners, Q1 2026: revenue $200M (-8% year over year), operating margin 7.7%, net earnings $7.1M, operating cash flow $35.9M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 7.7% | 19.1% | -11.4 pts |
| Net margin | 3.6% | 17.0% | -13.5 pts |
| Free cash flow margin | 16.8% | -119.4% | +136.2 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $200M | $208M | −$8.5M | -4% |
| Operating profit | $15.4M | $39.8M | −$24.4M | -61% |
| Costs & expenses | $184M | $168M | $15.9M | +9% |
| Pre-tax earnings | $13.3M | $47.3M | −$33.9M | -72% |
| Other expense, net | $2.1M | −$7.4M | $9.6M | — |
| Loss borne by minority interests | $974K | $1.6M | −$624K | -39% |
| Net earnings | $7.1M | $35.5M | −$28.3M | -80% |
| Income tax | $7.2M | $13.4M | −$6.2M | -47% |
| Depreciation & amortization | $17.7M | $15.5M | $2.1M | +14% |
| Share-based compensation | $5.2M | $4.7M | $456K | +10% |
| Working capital & other | $5.9M | −$303M | $309M | — |
| Operating cash flow | $35.9M | −$247M | $283M | — |
| Free cash flow (OCF − capex) | $33.5M | −$248M | $282M | — |
| Capital expenditures | $2.4M | $944K | $1.4M | +150% |
Questions
How much did Virtus Investment Partners's revenue grow quarter over quarter in Q1 2026?
Virtus Investment Partners's revenue fell $8.5M (-4%) from $208M in Q4 2025 to $200M in Q1 2026. Operating margin 7.7% against 19.1% (-11.4 pts).